June 26, 2018 - June 29, 2018

Bright Solar IPO Basis of Allotment

(This is only an advertisement for information purpose and not a prospectus announcement.)

BRIGHT SOLAR LIMITED

The Corporate Identification Number of our Company is U51109GJ2010PLC060377

Our Company was originally incorporated as 'Bright Solar Private Limited' at Ahmedabad on April 23,2010, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Consequently Upon the conversion of our Company into public limited company, the name of our Company was changed to 'Bright Solar Limited' and fresh Certificate of Incorporation dated January 29,2018
was issued by the Assistant Registrar of Companies, Ahmedabad. The Corporate Identification Number of our Company is US 1109GJ2010PLC060377.

Registered Office: C-1103,Titanium Square, Thaltej Circle, S.G. Highway.Thaltej, Ahmedabad-380059. Gujarat; E-Mail: Compliance@brightsolar.co.in Company Secretary and Compliance Officer: Mr. Sahul Jotaniya; Tel No.:-+91 - 79 -4892 6868; Website: www.brightsolar.in

PROMOTER OF THE COMPANY:MR. PIYUSHKUMAR BABUBHAI THUMAR

BASIS OF ALLOTMENT

BRIGHT SOLAR LIMITED - SME IPO

PUBLIC ISSUE OF 54,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF BRIGHT SOLAR LIMITED ('BRIGHT' OR THE 'COMPANY' OR THE ISSUER') FOR CASH AT A PRICE OF RS 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 26 PER EQUITY SHARE (THE 'ISSUE PRICE1') AGGREGATING TO RS 1944.00 LAKH ('THE ISSUE1'), OF WHICH 2,70.000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 26 PER EQUITY SHARE AGGREGATING TO RS 97.20 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE' MARKET MAKER RESERVATION PORTION') THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e NET ISSUE OF 51,30,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 26 PER EQUITY SHARE AGGREGATING TO RS 1846,80 LAKH IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE', THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.15% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated June 14, 2018 and as per Regulation 43 (4) of SEBI (ICDR) Regulations. 2009 wherein (a) minimum of 50 % of the Net Offer to Public shall be initially made available to Retail Individual Investors and (b) The balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail individual investors and ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for. c) The unsubscribed portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.
Explanation: For the purpose of Regulation 45 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 A EACH AND THE ISSUE PRICE IS RS 36/-EACH INCLUDING ASHARE PREMIUM OF 26/- PER EQUITY SHARE. THE ISSUE PRICE IS 3.6 TIMES OF THE FACE VALUE.

ISSUE OPENED ON TUESDAY, JUNE 26, 2018 AND CLOSED ON FRIDAY, JUNE 29, 2018.

The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited ('NSE Emerge') In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time, our Company has received in principle approval letter dated May 29,2018 from National Stock Exchange of India Limited ('NSE') for using its name in this offer document for listing our shares on the Emerge Platform of National Stock Exchange of India Limited. For the purpose of this Issue, the designated Stock Exchange will be the National Stock Exchange of India Limited.

SUBSCRIPTION DETAILS

Details of Applications:
The Issue has received 1247 applications (before Technical Rejections) for 7338000 Equity Shares (Including Market Maker Application of 270000 Equity Shares) resulting 1.359 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the valid Applicaations Received (before Technical Rejections & Withdrawal of Application):

Category	Number of Applications	Number of Equity Shares	Subscription Ratio
Market Makers	1	270000	1.000 times
Other than Retail Individual Investor's	30	3420000	1.333times
Retail Individual Investor's	1216	3648000	1.422times
Total	1247	7333000	Overall	1.359 times

Total 21 applications received in Retail Individual Investors Category for 63,000 equity shares and 1 application received in Other than Retail Individua
Investors Category for 48,000 equity shares were rejected on technical grounds .Further, there was no withdrawal of application in any of the category.
Allocation: The Basis, of Allotment was finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Limited on July 4,2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 36/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.000 times. The total number of shares allotted in this category is 270000 Equity shares in full, out of reserved portion of 270000 Equity Shanes.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal, if any): The Basis of Allotment to the Retail Individual Investors,
at the issue price of Rs 36/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.355 times. Total number of shares allotted in this category is 2646000 Equity Share as under:

No. of Shares Applied for (Category wise)	No. of Appli cations Recei ved	% to Total	Total No. of Equity Shares applied	% to Total	Proporti onate Shares Avail able	Allocation per Applicant (before Rounding off)	Allocation per Applicant (after Rounding off)	Ratio of Allottees to the Appli cants	Serial Number of Qualify ing appli cants	Number of Succe ssful Applica nts (After Round ing off)	% to Total	Total No. of Equity Shares allocated/ allotted	% to Total	No. of Shares Surplus/ (Deficit)
3000	1195	100.00	3585000	100.00	2646000	2214.23	3000	31:42	1,3,4,5,6,8.9,10,11,12. 13,14,15,17,18,21,22, 24,26,27,28,29,30,31, 34,35,36,37,39,40,41	882	100.00	2646000	100.00	0
Total	1195	100.00	3585000	100.00	2646000					882	100.00	2646000	100.00	0

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of 36/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.357 times. Total number of shares allotted in this category is 2484000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Appli cations Recai ved	% to Total	Total No. of Equity Shares applied	% to Total	Proporti onate Shares Avail able	Allocation per Applicant (before Rounding off)	Allocation per Applicant (after Rounding off)	Ratio of Allottees to the Appli Cants	Serial Number of Qualify ing appli cants	Number of Succe ssful Applica nts (After Round ing off)	% to Total	Total No. of Equity Shares allocated/ allotted	% to Total	Surplus/ (Deficit) (Round ded off)
6000	6	20.69	36000	1.07	26520	4419.93	3000.00	1:1		6	20.69	18000	0.73	-8520
						0.00	3000.00	1:2	1	0	0.00	9000	0.36	9000
9000	3	10.34	27000	0.80	19890	6629.89	6000.00	1:1		3	10.34	18000	0.73	-1890
						0.00	3000.00	1:3	1	0	0.00	3000	0.12	3000
15000	4	13.79	60000	1.78	44199	11049.82	9000.00	1:1		4	13.79	36000	1.45	-8199
						0.00	3000.00	3:4	1,2,3	0	0.00	9000	0.36	9000
21000	1	3.45	21000	0.62	15470	15469.75	15000.00	1:1		1	3.45	15000	0.60	-470
27000	2	6.90	54000	1.60	39779	19889.68	18000.00	1:1		2	6.90	36000	1.45	-3779
						0.00	3000.00	1:2	1	0	0.00	3000	0.12	3000
3000	2	6.90	60000	1.78	44199	22099.64	21000.00	1:1		2	6.90	42000	1.69	-2199
						0.00	3000.00	1:2	1	0	0.00	3000	0.12	3000
63000	1	3.45	63000	1.87	46409	46409.25	48000.00	1:1		1	3.45	48000	1.93	1591
75000	1	3.45	75000	2.22	55249	55249.11	54000.00	1:1		1	3.45	54000	2.17	-1249
90000	1	3.46	90000	2.67	66299	66298.93	66000.00	1:1		1	3.45	66000	2.66	-299
201000	1	3.46	201000	5.95	148068	148067.62	147000.00	1:1		1	3.45	147000	5.92	-1068
276000	1	3.45	276000	8.19	203317	203316.73	204000.00	1:1		1	3.45	204000	8.21	683
279000	1	6.90	558000	16.55	411053	205526.69	204000.00	1:1		2	6.90	408000	16.43	-3053
						0.00	3000.00	1:2	1	0	0.00	3000	0.12	3000
300000	1	3.45	300000	8.90	220997	220996.44	222000.00	1:1		1	3.45	222000	8.94	1003
303000	1	3.45	303000	8.99	223206	223206.41	222000.00	1:1		1	3.45	222000	8.94	-1206
555000	1	3.45	555000	16.46	408843	408843.42	408000.00	1:1		1	3.45	408000	16.43	-843
693000	1	3.45	593000	20.55	510502	510501.78	510000.00	1:1		1	3.45	510000	20.53	-502
Total	29	100.00	3372000	100.00	2484000					29	100.00	2484000	100.00	0

The Board of Directors of the Company at. its meeting held on July 5. 2018 has taken on record the Basis of Al location of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to Sell Certified Syndicate Banks were being processed on or before July 06.2018. In case the same is not received within 10 days, investors- may contact at the address given below. The Equity Shares allocated to successlul applicants are being credited to their benehiciary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of the National Stock Exchange of India Limited within Six workinp dsys from the date of the closure of the Issue.The trading is proposed to be commenced on Monday, July 9,2018 Subject to receipt of final listing and trading approvals, from the National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. Alankit Assignments Limited at www.alankit.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

ALANKIT ASSIGNMENTS LIMITED Address: Alankit Heights, 1E/13. Jhandewalan Extension, New Delhi-110 055. Tel No.: 011-4254 1234; 2354 1234 (B), 011-4254 1952/1954 (D), Fax No.: 011 -4154 3474; Website: www.alankit.com; Email Id: ipo@alankit.com, Investors Grievance Id: bsl_igr@alankit.com SEBI Registration Number; INR000002532: Contact Person: Mr. Pankaj Goenka/ Mr. BojimanKh;	On behalf of the Board of Directors For, BRIGHT SOLAR LIMITED Sd/- Piyushkumar Babubhai Thumar Chairman & Managing Director DIN:02785269
Date : July 5, 2018 PIace : Ahmedabad

THE LEVEL OF SUBSCRIPTION SHOULD MOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON
LISTING OR THE BUSlNESS PROSPECTS OF BRIGHT SOLAR LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Bright Solar IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Bright Solar IPO .

The Bright Solar IPO basis of allotment (published above) tells you how shares are allocated to you in Bright Solar IPO and category wise demand of IPO share.

Visit the Bright Solar IPO allotment status page to check the number of shares allocated to your application.

In Bright Solar IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Bright Solar IPO basis of allotment document to know how the shares are allocated in Bright Solar IPO.

Bright Solar IPO Basis of Allotment

Bright Solar IPO Basis of Allotment FAQs

How shares are allotted in Bright Solar IPO?

What is Bright Solar IPO basis of allotment status?

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